The first week of 2023 was marked by significant market activities, with several crucial events unfolding. The release of the US Federal Reserve minutes created global market anticipation. While the Fed hinted at potential rate cuts in 2024, the exact timing remained ambiguous, intensifying market volatility. Domestically, December's auto sales figures fell short of expectations, exerting downward pressure on the market. However, there were silver linings; banks reported favorable business updates for the third quarter. Despite these positive bank performances, the Nifty 50 closed the week with a slight decline of 0.12%, reflecting the mixed sentiments prevailing in the market amidst these diverse events.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
Soft December Sales Drive Auto Stocks Down!
HDFC Bank Reports Q3 Business Update!
Bank Of Maharashtra Reports Strong Q3 Update; Stock Up 4%!
The Nifty 500 rallied more than 25% in 2023, with many stocks delivering blockbuster returns. As a result, 23 companies entered the 1 lakh crore market cap club in 2023.
The realty sector saw some huge gains in the week. While looking at the margins of the realty sector, the PAT margins have seen a dip from the highs of Q2FY24 and Q3FY24 amidst a rise in pre-sales and sales launches.
Adani Ports and HDFC Life Insurance Co. emerged as the top gainer and top loser respectively in December 2023.
The chart below displays the quarterly update of Dmart at the end of Q3FY24.
Q3FY24 has been the best-ever sales quarter for Sobha Ltd!
Global Equity Markets In 2023; The Big Winners & Losers!
Bulls Beware: Historical Trends Signal Caution In January!
Nifty witnessed profit booking on account of decrease in FPI Long-Short Ratio and PCR Bearish Divergence
2024: A Leap in to Volatility
Historical Market Performance of Key Indices!
Here’s how major indices have performed during the month of December 2023!
Foreign Institutional Investors (FIIs) pumped in Rs.1.71 lakh crores, the highest ever in any calendar year. The chart below shows the net monthly investments by them in 2023.
India’s Manufacturing PMI fell to an 18-month low in December’23 as international demand for Indian goods slowed down.
India’s Services PMI hit a 3-month high in December after recording a 1-year low in November’23.
MUTHOOTFIN has given an ascending triangle breakout on the daily chart. Short covering at 1500 Strike can drive fresh rally in the stock
DIVISLAB has gone past its previous major resistance of 3,940 on the daily chart with volume support.
Shriramfin Nearing Breakout from Parallel Channel
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